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to work while helping america gain the lead when it comes to clean energy. it's clear why such an effort is so important. building a robust clean energy sector is how we will create the jobs of the future, jobs that pay well, and can't be outsourced. but it's also how we will reduce our dangerous dependents on foreign oil, a dependents that endangers our economy and our security. and it is how we will combat the threat of climate change and leave our children a planet that's safer than the one we inherited. harnessing new forms of energy will be one of the defining challenges of the 21st century, and unfortunately right now, the united states, the nation that pioneered the use of clean energy, is being outpaced by nations around the world. it's china that has launched the largest effort in history to make their economy energy efficient. we spearheaded the development of solar technology, but we fallen behind countries, like germany and japan, in producing it. and in almost all of the batteries that we used to power our hybrid cars are manufactured in asia. though the steps like the one t
are the financial, morgan stanley, of course bank of america, all down 6%, 7%, 8% on the week here. american express had their earnings out, that's not helping them today, look at that, down 8%. capital one also down noticeably and then you've got the earnings situation. other stocks. schlumberger had their earnings out, a few days, for schlumberger. the bottom line is they're charging lower prices for their oil services and of course their margins are under pressure. stocks are selling today on the earnings report. and then you have the tech situation, which is a very difficult time right now, because they all ran up ahead of earnings season but they're not doing that well. you've got citigroup coming out, downgreeding the whole semiconductor capital equipment group, so amat, teradyne, that group is all under pressure right now. let's go to rick santelli standing by in chicago. enough for you to digest there, rickster? >> reporter: i asked everyone around me what the word of the week was, and the word of the week was, unanimous, confusion. that an uncertainty, i guess that was the tie for second. s
that time frame of longer 2011-2012 and that's what every bank in america wants to be in. they're the only one. >> jim, good to see you again. >> good to see you, partner. >> thank you very much. watch the show 6:00 and 11:00 eastern tonight. that's it for "street signs." thank you very much for watching. "closing bell" begins in just a moment with an all-star cast from here, davos, and indeed cnbc's global headquarters. from this team thank you for watching. stay tuned for the big one. >>> history or hype? is the month of january really a good predictor of stock market performance and what should investors do based on this month's trade? live from the new york stock exchange, this is the final and most important hour of the trading day. >>> and good afternoon, everybody. welcome to the "closing bell." iful scott wapner live here on the floor the new york stock exchange. michelle? >> hi, scott, i am michelle caruso-cabrera at the cnbc global headquarters. ge is wrapping up on a downnote. as january goes, so goes the rest of the year. but here's some contradictory stats that might help you
to keep america ahead when it comes to innovation. but first, let's check out what investors are gearing up for as we enter the important employment report part of the month. we're getting those numbers tomorrow. simon hobbs is at the new york stock exchange looking at that angle. hi, simon. >> reporter: hello, maria, looking good there. it is amazing. a lot of people are suggesting that this is the year of stock picking and boy pick the stocks like ge, up over 6%, courtesy of jpmorgan. bank of america up over 4%, courtesy of credit suisse. it's market wants to rally where it sees opportunities. general dynamic awaiting the employment report tomorrow. don't need ne tell you about it. everyone is talking about it. the latest from reuters consensus is no change on that december report tomorrow. we thought we'd get on average on a consensus estimate a loss of 8,000. later in the program we will talk to one of the most upbeat people within wall street who believes you could actually get a gain of 100,000. take you through the market indices first. the market really lacking direction after th
america sales trailed. i'm joined exclusivee by the chairman and ceo with lew frankfort. the company reports that three cents better than analyst's expectations, actually, revenue up nearly 11% for the sales part of the business. what went right last quarter? can you characterize the last three months for us. >> i think everything went right. we actually put into place a whole series of initiatives. new collections, such as poppy. a rebalance assortment but more compelling price points. acceleration of openings in china and on our supply chain was able to deliver with a lower cost. so overall we had a very strong quarter. >> so why do you think the stock is under such pressure today? people are talking about north america sales in the second quarter trailing some expectations. was north america weaker in some parts of the world in your view. >> around the country grew 11%. and overall growth in our coach stores grew 16%. so we feel really terrific about the reinvigoration of our north america sales and we actually achieved about 3% comps, which was the first time in five quarters tha
the securities and exchange commission, and its ongoing legal dispute with bank of america. basically, now the s.e.c. is asking to add new charges to the lawsuit dispute with the bank of america regarding merrill lynch's extraordinary losses, not being disclosed in time before the shareholders to act on the vote of the takeover. last august the s.e.c. sued bank of america per not disclosing to shareholder voting on the takeover that it intended to pay more than $3 billion in bonuses to merrill lynch employees. that they had a settlement, it was thrown out. a new trial is scheduled to begin on march 1st. bank of america, in a response to this latest request by the s.e.c., calls it an 11th-hour move, and says it will hinder its ability to prepare a defense in time for that march 1st trial. maria. >> all right, hampton, thanks very much for the angle on that. >>> meanwhile, we've got breaking news today and we will have it for the next several weeks in terms of earnings news coming out, alcoa kicking off the earnings period for the fourth quarter after the close tonight. we're waiting on that repor
that -- there's that jpmorgan chart. look at bank of america, citigroup, a similar story. capital one talking about rising write-offs. commodities weaker. dollar's higher today. gold stocks, steel stockancy,i% stocks are all lower today p and chips, really an interesting story. walk around here take a look at what texas instruments is doing today and that stock's under a bit of pressure as well. you've seen some of the other chip names. the semiconductor index, for example, is weak today. the nasdaq's having a tough go of it as well. my eye on fertilizer today as cmf tec m cmf terminate it's offer. and potash, the price target was raised over at rbc. let's talk about some of the positive stories that we've been following today. office max is one of them in fact the office supply companies are very much in focus, and i was there this morning when the stock opened. that being officemax. overweight to neutral on modestly improved labor markets. we also watches office depot and staples have a pretty decent day as well. upgrade, schlumberger got one, raised from buy to hold at jeffries. kellogg up
treasury secretary of the united states of america. this was the guy who was the indispensable man. the guy we had to have in spite of the fact he didn't pay his taxes, in spite of all, he was the guy we there to have, he's so important and yet he's not there exercising the influence in how this information was disclosed and he wouldn't answer the question. did he think that the folks at the fed, who suppose lead did make this decision to hold off in disclosure, he wouldn't even say whether he supported their decision or not. he backarg way from that completely. this is the treasury secretary of the united states, he didn't pass his smell test. >> what do you think should have been done as a result of that? do you think that he should stay in his position. >> i think that the american people will weigh in on that decision and obviously it's up to the president of the united states and i don't think that he helped himself out at. we had secretary paulson in front committee too. he sold to congress when this whole thing started that this the t.a.r.p. program was to buy these troubled assets a
as the numbers hit the wire. >> first the most active stocks led by citigroup and bank of america. the parent company of this network, general electric having a good day regions financial and ford to the downside. you are watching cnbc, first in business worldwide. thought investment firms were there tdd# 1-800-345-2550 to help with my investments. tdd# 1-800-345-2550 so where's that help when i need it? tdd# 1-800-345-2550 if i could change one thing... tdd# 1-800-345-2550 we'd all get a ton of great advice tdd# 1-800-345-2550 just for being a client. tdd# 1-800-345-2550 i mean, shouldn't i be able to talk about my money tdd# 1-800-345-2550 without it costing me a fortune? tdd# 1-800-345-2550 if i had my way, investment firms would be tdd# 1-800-345-2550 falling all over themselves to help me with my investments. tdd# 1-800-345-2550 (announcer) at schwab investors rule. tdd# 1-800-345-2550 are you ready to rule? tdd# 1-800-345-2550 tak widelydring esowa mal wre aeleb seisllo better o statem contie we.haen >>s.yof n isnsng aimed urthatls't u dot raen out the. is ian liqsparent ely dy
of america being sued by the s.e.c. over disclosures at the merrill lynch deal. aetna reaffirming their '09 forecast but they see 2010 earnings modestly lower than 2009. that is when the market seemed to take another leg to the downside after the lunch hour. so aetna a drag on the market today. how about kb homes saying they are not going to make any money in the first quarter. the hartford, one of the positive stories. tiffany says global holiday sales up 17%. they raised the outlook. stock was down. part of the reason to that, stock has been up 108% over the past year. so those are the big stories here at the new york stock exchange, technology, another sector that is dragging the major averaging down. our team is covering the markets, on that tech note we send it to matt nesto at the nasdaq. >> we call it post ts, times square. if you look at the nasdaq here today we are close to our low of the session down 1.4%, down for the fourth time in five sessions. big cap tech, intel reporting later this week, thursday afternoon, google week, amgen out with a warning before their fourth quarter r
the list, bank of america and ford. you're watching cnbc, first in business world wide. @@@@@@ >>> welcome back. let's take a look at the business headlines of the day as our psi touched on earlier, the federal reserve, december beige book report, showing continued economic improvement across the united states. ten of the 12 fed's districts improving conditions. that's up from the eight districts showing signs of the recovery from the last report. >>> overall manufactures are optimistic. labor market showed continue signs of weakness. >>> the deficit grew by nearly $92 billion for the month. that's up nearly $30 billion from last year and marks a december record. it is the 15th consecutive month the deficit continued to grow. also another record. >>> bank of america cut the cash portion of its bonuses to its banker. the remainder of the bonus will be linked to the bank's stock performance. >>> overseas' investors are seeing strength out of japan this new year. take a look at chart. the topics, clearly outperform think the s&p 500 so far. up 4% against two for the
stock exchange led by a couple of financials -- they're always up there citigroup, bank of america. the parent of this network is higher and jpmorgan chase at the bottom. tdd# 1-800-345-2550 to help with my investments. tdd# 1-800-345-2550 so where's that help when i need it? tdd# 1-800-345-2550 if i could change one thing... tdd# 1-800-345-2550 we'd all get a ton of great advice tdd# 1-800-345-2550 just for being a client. tdd# 1-800-345-2550 i mean, shouldn't i be able to talk about my money tdd# 1-800-345-2550 without it costing me a fortune? tdd# 1-800-345-2550 if i had my way, investment firms would be tdd# 1-800-345-2550 falling all over themselves to help me with my investments. tdd# 1-800-345-2550 (announcer) at schwab investors rule. tdd# 1-800-345-2550 are you ready to rule? >>> take a look now at today's research calls. the latest upgrades and downgrades. international exchange upgraded from buy to hold by deutsche bank which is also raising its price target on the stock to $113 from $108 to reflect strong volume trends. continental airlines upgraded to buy to sell in au
exchange today led by citigroup, bank of america. see how they are rising despite that announcement from president obama. ♪ [ male announcer ] introducing the all-new lexus gx. ♪ it has the agility to avoid the unexpected... ♪ ...the power to take on any mission, and the space to accommodate precious cargo, because every great action hero needs a vehicle. ♪ >>> in 44 minutes we kick off the fourth quarter earnings season, big time with intel. to take a look at what we can expect, let's crossover to jim goldman in los angeles. jim? >> reporter: hey, simon, good afternoon to you, indeed intel is the key tech bellwether. 30 cents a share, about $10 billion in revenue expected for this company. both figures up dramatically, year over year. the real question, of course, is what intel has to say as far as guidance is concerned. so many trends going this company's way, no question, with the likes of netbook and consumer pc spending, not to mention the enterprise finally jumping on board with the windows 7, operating system upgrades cycle. but keep in mind as intel tornadoes into its ear
exchange led by citigroup, bank of america, ford, great sales numbers out of ford, motorola and sprint nextel. you are watching cnbc, first in business worldwide. fidelity, traders learn from the pros. say you want to backtest an entire portfolio of stocks. market experts show you how through fidelity's extensive trading knowledge center. and fidelity gives you free research from 15 independent firms, with accuracy scores... to help you decide which analysts to trust. find out why more and more active traders are turning to fidelity for a smarter way to trade online. trade like a pro. trade with fidelity. and fedex ground will get it there fast. wait. fedex has ground shipping? oh, that's right. you just woke up from a 23-year coma. yeah, it was a long one. did i miss anything? uh, the cold war ended. [ man ] pluto's no longer a planet. culture club broke up. the berlin wall came down. wait. the club broke up? i never saw them live. that was too soon. what have i done? [ male announcer ] we understand. you need it there fast. fedex ground. it's delicious. so now we've turned her toffee
of america came out yesterday still wrote off $5 billion. we don't think that's done. they say maybe by the end of the year. there is still trouble with banks. the last thing the major banks need is to have the government interfering in their ability to get healthy again. the whole plan a year ago was to give them the money to rebuild their balance sheet and let their system -- let their business model work. and now we're going to restrict them from taking risk, package in risk, which is certainly what the investments banks do best. >> there is a broader impact, you know? because you're not necessarily talking about the banking sector, because if in fact they do face these increased pressures, they're going to lend less. they are going to pass some these fees onto the consumeir. so things get tougher for the broad economy. now your analyst downgraded materials and some other economically sensitive groups. what was that call about? >> that was actually a strategy call at s&p yesterday. we downgraded materials and energy, and upgraded health care. a little bit more cautious on the mark
areas now are in the united states, canada, north america and in asia. so both of those areas present a lot of very interesting opportunities. >> reporter: and when you're looking -- when you're on the ground in asia, where -- >> the senate is on time, 3:20, they are beginning this procedural vote. it's a cloture vote. i'm showing you microsoft as well because they're going to report earnings after the bell. there is the live picture of the senate chamber where we are -- they are indeed going to begin the cloture vote when it comes to ben bernanke retaining his position as head of the central bank. once again we have a tally from the reuters, where they say right now there's 51 who say yes. 23 no. 26 undecided. we've got to get to 60. that's the key number. once that happens, that ends cloture. that's the cloture vote. then we can go onto the actual confirmation vote. this has been far stickier than would had been anticipated even a year ago and in fact, we gathered votes on paul volcker's vote the second time he was voted in when he was under ronald reagan and he only got 17 votes, n
heating up with the bill chill across north america. bring in bart melik, he's global market strategist at bmo capital markets. good to have you this afternoon. >> great to be here. >> talk about this big run that commodities are having especially in the metals space. is there still money to be made? that's the real question. >> i certainly think there is. some of them will perform better than others. i think precious metals are still on. the u.s. dollar continues to be in worrisome over the longer run. i think that market is going to continue to be quite concern of a potential inflation down the road especially since the federal reserve continues to signal that it's not in any hurry to tighten monetary policy. but you know among the precious metals i think the platinum group metals, the so-called pgms, do quite well. >> look at this chart right now. you've got one-year, platinum is up, what, 60% as i look at the chart there. the chart's going straight up. so not in danger as investors of getting in at a possible top, are we? >> i don't think. not quite yet. there is an awful lot of dem
is pouring in. corporations in america are opening their wallets in a big way. here for the latest figures, gerald mcswiggin manages the disaster program at the u.s. chamber of commerce. thanks for joining us. where now do you stand? >> thank you, simon. right now businesses have come up huge very quickly after the disaster. and right now we are seeing 203 companies have donated more than $83 million to the relief efforts so far. this includes 36 companies that have given $1 million or more that includes abbott, citigroup, glaxo smith kline, apple and others. the companies have really poured out resources to help haiti. >> how proactive are you in tempting ceos, cfos to do exactly what they are doing at the moment? what do you say to them about how that money will be funneled in a practical way to make sure it makes the maximum difference on the ground? >> we are recommending companies let the first responders do their job. companies, especially large companies have good relationships with nonprofits that are operating on the grund. we are recommending the companies work with the nonprofit
bell" realtime flash. a dogfight to the finish between boeing and bank of america. leading the dow for the highest percentage gain of the day. for the big 2010 new year, boeing at last check. the leader but it is closed, folks. depending on the tick. both stocks having about a 4% move here today. focused on boeing right now with a big move. double the performance of the dow today. and pretty heavy volume as well. it's interesting if you take a look at what boeing is doing, it's not only a 52-week high, it's the highest levels that we've seen for this stock since october of 2008. on a closing level, folk, 5656 is the interday high. we may and probably will not get to that technical breakthrough point, but on a closing basis, it would be a new closing high for the year -- well, for the 12 months. bob, i can't get my head around this whole calendar thing from boeing. back to you. >> thanks very much, matthew. take a look at some of the more widely traded stocks are faring. unt financials have had a great day. they've been the market leader here and of course citigroup among the most a
Search Results 0 to 18 of about 19